Banking
UBS
UBS, Switzerland’s biggest bank, recently agreed to purchase Credit Suisse in a move that aims to contain the panic that ensued after two American banks collapsed earlier this month. This unique acquisition has sent shockwaves throughout the banking industry and ..
Month: Current Affairs - March, 2023
Category: Economy & Banking Current Affairs - 2023
India to allow NRIs to Use UPI
The National Payments Corp. of India (NPCI) has made a significant move that allows Indians abroad to use the fast payments network Unified Payments Interface (UPI) as long as their domestic bank accounts are linked to their foreign mobile numbers. ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2023
RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks
The Reserve Bank of India (RBI) recently proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. Background Presently, banks in India are required to make loan loss provisions based ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2023
Banking System Liquidity turns to deficit mode
Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation has turned into deficit mode of Rs.21,873.4 crore. On the same day ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs - 2023
Why did RBI direct HDFC bank to stop its Digital Launches?
The Reserve Bank of India recently asked the HDFC bank to temporarily stop all its launches under its Digital 2.0 programme. Why did RBI take action against HDFC bank? The RBI issued the order with regard to outrages against the ..
Month: Current Affairs - December, 2020
IFSC submits its report on Capital Market to IFSCA
IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made recommendations for the development of IFSC. Before this, the committee has submitted ..